More permits for ADUs than single-family homes issued in San Diego

These affordable housing communities total 407 units, and five of the communities are dedicated to senior living.

While the median monthly price of rent has increased by 0.71% in August, the year-over-year estimates show a national change of -0.06 percent.

Trish Donnally, Associate Principal, Perkins Eastman, shares insights from three transformative affordable housing projects.

With the rapid increase in new multifamily housing developments, owners of existing assets face increasing competition. As their assets age and the number of new developments increases seemingly day-by-day, developers will inevitably have to find a way to stay relevant.

Small multifamily homes have historically provided inexpensive housing for renters and buyers, but developers have converted many of them in recent decades into larger, single-family units. This has worsened the affordable housing crisis, say researchers.

New York City has a new Office Conversion Accelerator Team that provides a single point of contact within city government to help speed adaptive reuse projects. Projects that create 50 or more housing units from office buildings are eligible for this new program. 

KTGY’s Family Flat concept showcases the benefits of multigenerational living through a multifamily design lens.

For many in our communities, rising rents and increased demand for housing means they are only one paycheck away from being unhoused. It’s time to stop thinking of affordable housing as a handout and start calling it what it is: Essential Housing.